Taiwan's airspace restrictions attract foreign media attention! UK media reports that the Taiwan stock market has been closed for two consecutive days.
讀後心得
On June 6, the Financial Supervisory Commission announced three measures to stabilize the market in response to the U.S. Trump's reciprocal tariff policy, and temporarily restricted short selling from April 7 to April 11. The measures include adjustments to the number of shares that can be sold short and the margin ratio for margin trading, aimed at maintaining market stability. This move has drawn attention from foreign media, which reported that Taiwan's stock market is expected to face significant impact next Monday due to the holiday closure. The Financial Supervisory Commission stated that these measures are intended to protect investors' rights and help stabilize the market.
The Financial Supervisory Commission (FSC) announced three important market rescue measures today (6th), including adjusting the daily limit on borrowing for short selling during trading hours and the margin requirement for short selling, and implementing a temporary short selling ban from April 7 to 11. This initiative has attracted considerable attention from foreign media.
The U.S. counterpart tariff policy has caused global shock, with Taiwan facing an additional 32% tariff. In response to this change, the FSC announced three major countermeasures today to enhance market stability. The policies include: first, investors may use other diversified collateral to make up financing contribution or margin differences for short selling, subject to the agreement of the securities finance company or brokerage; second, the daily limit for borrowing and selling short during trading hours is reduced from the original cap of 30% of the average daily trading volume of that security over the previous 30 business days to 3%, but securities firms issuing warrants can be exempt from this restriction; third, the minimum margin requirement for short selling of listed and OTC securities is adjusted from 90% to 130%.
The FSC's measures immediately attracted attention from several foreign media outlets. Reports mention that market insiders revealed the Central Bank of Taiwan is confident in maintaining exchange rate stability, especially in light of expectations that Taiwan's stock market may experience significant declines next Monday. Additionally, foreign media noted that, besides Taiwan's government adopting a non-retaliatory stance, most other countries have yet to announce countermeasures. The Prime Minister of the United Kingdom and the Prime Minister of Italy have expressed their intention to take measures to support their domestic companies.
Sky News specifically pointed out that, since the Taiwan stock market was closed during the two days when Trump announced the tariff measures, it is anticipated that the market will face intense fluctuations, and the FSC's short-selling ban is aimed at mitigating this impact.